Lebanon County Pennsylvania Residential Rent and Rental Statistics
The median monthly gross residential rent in Lebanon County PA was $882 in 2019 according to the Census ACS survey.1 Average gross rent in Lebanon County was $948 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Lebanon County median and average rent data will be released in September of 2021.
Data is also available below for Lebanon County rental vacancy rates, Lebanon County rent as a percent of median income and the fraction of renters in Lebanon County.
Real Gross Rent in Lebanon County Pennsylvania (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Pennsylvania Median Gross Rent | $951 | +0.74% | +3.03% |
| Lebanon County PA Median Gross Rent | $882 | -4.44% | +4.88% |
Lebanon County PA Real Gross Rent Trends
Median gross rent for Lebanon County peaked in real terms in 2018 at $923 and is now $41 (4.44%) lower. At $948, real average gross rent in Lebanon County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Lebanon County PA Median, Lebanon County PA Average, Pennsylvania Median, US Median
Real Gross Rent History for Lebanon County
| Date | US Median |
Pennsylvania Median |
Lebanon County PA Median |
Lebanon County PA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $951 | $882 | $948 |
| 2018 | $1,077 | $944 | $923 | $944 |
| 2017 | $1,043 | $921 | $841 | $862 |
| 2016 | $1,027 | $923 | $841 | $844 |
| 2015 | $1,017 | $921 | $834 | $860 |
| 2014 | $986 | $895 | $818 | $823 |
| 2013 | $953 | $872 | $813 | $810 |
| 2012 | $940 | $849 | $770 | $805 |
| 2011 | $941 | $849 | $755 | $757 |
| 2010 | $955 | $853 | $773 | $774 |
| 2009 | $960 | $841 | $718 | $757 |
| 2007 | $927 | $805 | $712 | $706 |
| 2005 | $910 | $809 | $708 | $721 |
Lebanon County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Lebanon County Pennsylvania was 6.10% according to Census ACS data.
Rental Vacancy Rate in Lebanon County Pennsylvania
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Pennsylvania | 4.87% | -0.42% | -0.90% |
| Lebanon County PA | 6.10% | — | -0.13% |
Trends in Lebanon County PA Rental Vacancy Rate
The rental vacancy rate in Lebanon County peaked in 2006 at 9.47%. Since then it has fallen by 3.37% to 6.10%. Data records for this series originated in 2005. From a 2008 post peak low of 1.27%, the rental vacancy rate has increased by 4.83%.
Rental Vacancy Rate: Lebanon County PA, Pennsylvania, US
Historical Rental Vacancy Rate data for Lebanon County
| Date | US | Pennsylvania | Lebanon County PA |
|---|---|---|---|
| 2019 | 5.97% | 4.87% | 6.10% |
| 2018 | 6.15% | 5.29% | — |
| 2017 | 6.18% | 5.84% | — |
| 2016 | 5.89% | 5.77% | 6.23% |
| 2015 | 5.85% | 5.77% | 5.41% |
| 2014 | 6.32% | 6.40% | 2.02% |
| 2013 | 6.49% | 5.78% | — |
| 2012 | 6.77% | 5.88% | — |
| 2011 | 7.40% | 6.13% | 2.52% |
| 2010 | 8.17% | 6.47% | 7.29% |
| 2009 | 8.43% | 6.80% | 3.17% |
| 2007 | 7.87% | 7.34% | 1.42% |
| 2005 | 7.74% | 7.94% | 3.09% |
Rent as a Fraction of Income
Using median household income data for Lebanon County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lebanon County, median monthly gross rent as a fraction of median household income was 17.29% in 2019 according to the ACS.
Lebanon County Pennsylvania Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Pennsylvania | 17.98% | -0.28% | -0.60% |
| Lebanon County PA | 17.29% | -0.44% | +0.46% |
Trends in Lebanon County PA Rent as a Fraction of Income
The fraction of median Lebanon County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 17.94%. Since then it has fallen by 0.65% to 17.29%.
Fraction of Income towards Rent: Lebanon County PA, Pennsylvania, US
Historical Data for Annual Rent as a Fraction of Income in Lebanon County Pennsylvania
| Date | US | Pennsylvania | Lebanon County PA |
|---|---|---|---|
| 2019 | 20.03% | 17.98% | 17.29% |
| 2018 | 20.50% | 18.26% | 17.74% |
| 2017 | 20.13% | 18.10% | 17.07% |
| 2016 | 20.43% | 18.58% | 16.83% |
| 2015 | 20.63% | 18.70% | 17.94% |
| 2014 | 20.89% | 19.12% | 17.20% |
| 2013 | 20.78% | 19.11% | 16.55% |
| 2012 | 20.65% | 18.69% | 16.85% |
| 2011 | 20.70% | 18.78% | 15.25% |
| 2010 | 20.50% | 18.58% | 16.14% |
| 2009 | 20.12% | 17.88% | 14.90% |
| 2007 | 18.66% | 16.92% | 15.57% |
| 2005 | 18.89% | 17.43% | 14.22% |
Renter Fraction in Lebanon County Pennsylvania
You can calculate the renter fraction in Lebanon County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Lebanon County as a fraction of total Lebanon County households. In 2019 28.82% of households were renters according to Census ACS data.
Lebanon County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Pennsylvania | 31.59% | +0.19% | +0.09% |
| Lebanon County PA | 28.82% | -0.54% | -1.62% |
Trends in the Lebanon County PA Renter Fraction
The Lebanon County household renter fraction peaked in in 2015 at 32.20% and is now 3.38% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Lebanon County PA, Pennsylvania, US
History of Lebanon County Renter Fraction
| Date | US | Pennsylvania | Lebanon County PA |
|---|---|---|---|
| 2019 | 35.89% | 31.59% | 28.82% |
| 2018 | 36.05% | 31.40% | 29.36% |
| 2017 | 36.13% | 31.70% | 29.98% |
| 2016 | 36.88% | 31.50% | 30.44% |
| 2015 | 36.97% | 31.28% | 32.20% |
| 2014 | 36.90% | 31.17% | 30.60% |
| 2013 | 36.50% | 31.05% | 31.00% |
| 2012 | 36.09% | 31.09% | 29.67% |
| 2011 | 35.42% | 30.51% | 26.34% |
| 2010 | 34.65% | 29.87% | 28.11% |
| 2009 | 34.13% | 29.48% | 26.66% |
| 2007 | 32.80% | 28.36% | 25.48% |
| 2005 | 33.10% | 28.52% | 28.52% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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